JPMorgan: U.S. expects fourth wave decline

JPMorgan Analysts say, next week, the U.S. dollar may fall against the yen below 90.0. The bank noted that since the bankruptcy of Lehman Brothers in September 2008 in the last month of each quarter, the American currency has been falling steadily. One of the reasons for such periodic weakening of the dollar may be the repatriation of dollar assets by investors, for example, European pension funds. The bank added that the decline in the dollar index in the first two weeks of September, December and March ranged from 3 to 7%, and appears to be approaching the fourth wave of the weak dollar. During the next week the dollar index may be reduced by 2%. By year end, JPMorgan analysts predict a weakening of the U.S. currency against the Japanese yen to 89.0. At the moment the dollar / yen is at 91.62.